jerseyboy73
8 months ago
HITC no longer has any Converts, the last Convert was bought out and has 10% coupon. As of now there are no more converts...
On June 12, 2023, we issued a Promissory Note to Platinum Equity Advisors, LLC, a related party (the βPlatinum Noteβ), in the principal amount of $372,069. The Platinum Note is unsecured and bears interest at 10% per annum. The principal amount of the note plus accrued interest of $18,604 is due in a single lump sum payment on December 12, 2023. We incurred no issuance cost on the transaction and the proceeds were used to retire our obligations under the AJB Note 2 (See βNote 8 - Notes Payable, Netβ). At July 31, 2023, the principal balance of the Platinum Note remained $372,069 and accrued but unpaid interest was $5,064. The accrued interest is included in Accounts payable and accrued expenses, related party on our consolidated balance sheets. The amounts and terms of the related party transactions may not necessarily be indicative of the amounts and terms that would have been incurred had comparable transactions been entered into with independent third parties.
On June 12, 2023, we retired the AJB Note 2 in full with proceeds received from the issuance of a new promissory note to a related party (See βNote 7 - Notes Payable, Related Partyβ).
jdcpa1
1 year ago
I love intellectual property. Check out these for HITC..
Patents by Inventor HITCs Kenneth M. GREENWOOD
Kenneth M. GREENWOOD has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
Fall validation with privacy-aware monitoring
Patent number: 11587423
Abstract: A method and system for detecting a person falling, confirming a potential fall, and taking action to mitigate the effects of a fall.
Type: Grant
Filed: July 30, 2021
Date of Patent: February 21, 2023
Assignee: Healthcare Integrated Technologies, Inc.
Inventors: Kenneth M. Greenwood, Scott Michael Boruff, Jurgen Klaus Vollrath
METHOD AND SYSTEM FOR MONITORING AND CONTROLLING HIGH RISK SUBSTANCES
Publication number: 20220131699
Abstract: In a system and method for globally tracking, monitoring, and authorizing the dispensing of valuable and high-risk products such as drugs, secure delivery devices are needed, coupled to a blockchain serving as a distributed database forming a ledger of the journey of the devices and the dispensing of the product, to allow changes to the ledger to be agreed upon by participants in the blockchain through a consensus mechanism.
Type: Application
Filed: February 5, 2020
Publication date: April 28, 2022
Inventors: Joshua M. KIMMEL, Kenneth M. GREENWOOD
FALL DETECTOR SYSTEM AND METHOD
Publication number: 20220110545
Abstract: A method and system for detecting a person falling, confirming a potential fall, and taking action to mitigate the effect.
Type: Application
Filed: October 13, 2021
Publication date: April 14, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
SYSTEM AND METHOD FOR TRACKING A USERS HEALTH STATUS
Publication number: 20220115142
Abstract: In a system for monitoring a user's health and intervening in the event of a health issue being identified, patient information is captured through a combination of user self-assessment and health-sensor data, thereby allowing early diagnosis and improving the health of patients and limiting the spread of infectious diseases.
Type: Application
Filed: October 13, 2021
Publication date: April 14, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
METHOD AND SYSTEM FOR PATHOGEN DETECTION AND REMEDIATION
Publication number: 20220113291
Abstract: In a pathogen identification and remediation system and method, pathogens are identified by capturing samples in an air stream, identifying the pathogens and neutralizing them, with the option of assessing risk levels and issuing alarms when certain risk levels are exceeded.
Type: Application
Filed: October 13, 2021
Publication date: April 14, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
AUDIT TRAIL AND AUTO REIMBURSEMENT
Publication number: 20220114675
Abstract: In an automatic reimbursement and audit system, medical activities are broken into tasks that correspond to tasks required for compliance with CPT codes, users are guided through the required tasks, data associated with the tasks is captured and stored, and payers are contacted for reimbursement once all of the tasks required for a CPT code reimbursement have been complied with.
Type: Application
Filed: October 13, 2021
Publication date: April 14, 2022
Inventors: Jurgen VOLLRATH, Kenneth M. GREENWOOD, Scott Michael BORUFF
CARE PATHWAY AND PHYSICIAN VISIT PATHWAY MANAGEMENT
Publication number: 20220115147
Abstract: In an assisted living platform, users are provided with a dashboard (portal) for capturing their personal details, preferences and service needs, and service providers can provide details about themselves and the services they are able to provide.
Type: Application
Filed: October 13, 2021
Publication date: April 14, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
METHOD AND SYSTEM FOR MONITORING SUBJECTS FOR CONDITIONS OR OCCURRENCES OF INTEREST
Publication number: 20220036094
Abstract: A method and system for monitoring subjects in facilities, such as hospitals, continuous care retirement communities, and prisons, to identify anomalies in behavior and compliance with rules.
Type: Application
Filed: July 30, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
FALL VALIDATION WITH PRIVACY-AWARE MONITORING
Publication number: 20220036716
Abstract: A method and system for detecting a person falling, confirming a potential fall, and taking action to mitigate the effects of a fall.
Type: Application
Filed: July 30, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen Klaus VOLLRATH
EMERGENCY REMOTE DATA ACCESS BASED ON AN EMERGENCY COMMUNICATION LINK AND SENSOR DATA
Publication number: 20220036722
Abstract: A method and system for improving the safety of the environment for an occupant of a dwelling which includes providing the dwelling with monitors and sensors to detect emergencies and a communication system that permits hands-free communication with responding parties and historic and/or real-time imaging feed of the inside of the dwelling to the responding parties.
Type: Application
Filed: July 30, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
STROKE DETECTION AND MITIGATION
Publication number: 20220031162
Abstract: A method and system for detecting a possible stroke in a person through the analysis of voice data and image data regarding the gate of the user, facial features and routines, and corroborating any anomalies in one set of data against anomalies in another set of data for a related time frame.
Type: Application
Filed: August 2, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
SYSTEM AND METHOD FOR SUPPORTING THE EMOTIONAL AND PHYSICAL HEALTH OF A USER
Publication number: 20220036554
Abstract: A method and system for improving the well-being of a user, comprises an artificial intelligence system coupled to a microphone and video camera for capturing verbal and visual input from the user, and a speaker for engaging the user in conversation to provide virtual companionship and to assess the user's physiological and emotional demeanor.
Type: Application
Filed: July 30, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen K. VOLLRATH
METHOD AND SYSTEM FOR HEALTH IMPROVEMENT USING TOILET SEAT SENSORS
Publication number: 20220031255
Abstract: In a telemedicine system, physiological sensors are provided in a toilet seat for monitoring physiological parameters of the subject, corroborate sensor data against other sensor data and notify personnel in the event of a problem or Concern.
Type: Application
Filed: July 30, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
REMOTE MEDICINE BASED ON VIDEO LINK AND SENSOR DATA
Publication number: 20220037017
Abstract: A method and system for performing telemedicine includes a real time video conference session between patient and physician coupled with patient physiology sensors for facilitating an initial diagnosis, followed by an ad hoc set of medical sensors to assist in defining a refined diagnosis.
Type: Application
Filed: August 2, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
SYSTEM AND METHOD FOR ASSESSING AND VERIFYING THE VALIDITY OF A TRANSACTION
Publication number: 20220036018
Abstract: A method and system for validating compliance with the terms of a transaction, includes gathering sensor and human-sourced data and analyzing and grading the data for compliance with each element and with the transaction as a whole.
Type: Application
Filed: July 30, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
VIRTUAL ASSISTED LIVING PLATFORM
Publication number: 20220036416
Abstract: In an assisted living platform, users are provided with a dashboard for capturing their personal details, preferences and service needs, and service providers can provide details about themselves and the services they are able to provide.
Type: Application
Filed: August 2, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH
SYSTEM AND METHOD FOR IMPLEMENTING REMOTE MEDICINE
Publication number: 20220037005
Abstract: A method and system for implementing remote medicine, comprises providing a medical service allocation system that allows service providers to register as designated providers, and allow users to make service requests for any items or services associated with an illness, injury or surgery.
Type: Application
Filed: August 2, 2021
Publication date: February 3, 2022
Inventors: Kenneth M. GREENWOOD, Scott Michael BORUFF, Jurgen VOLLRATH